3 Steps to Prepare for Retirement in a Slowing Economy

People planning to retire in the near future, as well as pre-retirees, will likely have to navigate choppy waters during these times. A plummeting stock market, a slowing economy, and a Federal Reserve that has signaled further interest rate hikes to fight inflation are forcing retirees to make smart decisions to avoid jeopardizing a successful retirement.

This is where a well-thought-out financial plan can help make a comfortable retirement possible, even in tough economic times. When I speak with recent retirees or people planning to retire soon, here are three actions I typically recommend to help them through this major life transition.

1. Review your spending history.

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